The crisis we face is the collapse of society because those in government have been greedy and lined their pockets with our labor. On average, we are approaching the $3,000 mark per household that will soon be the cost of government pensions. This is a staggering number that begins to rise exponentially. This is why […]

The Fitch downgrade of China’s credit rating is interesting because it is ANTICIPATING that China will have to bailout the state and local governments as well as banks. Under this approach, Europe should be downgraded to JUNK status.  Fitch downgraded China’s sovereign credit rating for the first time since 1999 because of concerns that the […]

Several lawmakers in the United States are now considering making gold and silver coins legal tender amid fears that the Federal Reserve’s monetary policies may result in a considerably drop of the dollar value. Arizona is the main state pushing for residents to be able to use bullion as rightful currency, but several other states are […]

I find it very distasteful how the Marxists are rushing out to claim Margaret Thatcher did nothing for Britain. What have they accomplished other than lower economic growth, decline in our living standards, women do not have the right to work but the requirement to do so for a family to survive because they keep […]

Gold is still in a basing phase. The interesting thing is how some have sold this market as the single exception to everything in the world and how it can only rise. Gold is a tiny fraction within the scheme of the global economy. It really is no longer relevant for in case you haven’t […]

Cyprus joined the EU when the bloc launched its “big bang” expansion, opening the door to 10 mostly ex communist countries in 2004, which then swapped their individual currencies for euros a few years later. However, unlike Greece or the rest of Southern Europe, the banks in Cyprus suffered heavy losses due to large Greek bond […]

Resistance for next week will be at the 13007 level. If we close below that today, the Euro will retest the mid 12900 area then move up into the week of 4/15. A close ABOVE 13007 on cash in New York will warn that the rally in the Euro may lead with stops and 13007 […]

The Daily Bullish in the cash Euro for today’s close are 12977 and 13134. The Weekly Bullish are 13134 and 13433. This corresponds with the top of the technical channels. The monthly levels also show the first resistance at 13140 and 13370. We also have some closing resistance technically at 12996. The Euro on the momentum […]

In terms of currency structure, China’s debt in U.S. dollars accounted for 77.83 percent of the outstanding registered external debt. Debt in euros accounted for 6.58 percent, while debt in Japanese yen was 7.37 percent.

Cyprus Proposal  March 27th, 2013, 5:00PM EST Cyprus Proposal   The paramount questions remain:   1)     What is the end-game solution for the Euro? 2)     How will the Euro survive after the Cyprus solution? 3)     What is to be accomplished by staying in the Euro and suffering the indignities Brussels is inflicting upon Cyprus? 4)     […]